Business

Asian spot LNG prices ease on weak demand 02 May 2014 - 11:44 pm

SINGAPORE: Asian spot liquefied natural gas (LNG) prices fell this week amid weak seasonal demand and ample supply, traders said. Traders also were...

Asian spot LNG prices ease on weak demand 02 May 2014 - 11:44 pm

SINGAPORE: Asian spot liquefied natural gas (LNG) prices fell this week amid weak seasonal demand and ample supply, traders said. Traders also were...

Investors pick dollar debt for emerging market re-entry 02 May 2014 - 11:43 pm

LONDON: Investors dipping their toes back into emerging markets are choosing hard currency debt which, thanks to rich yields and expectations for a...

Russian oil output down for fourth month in a row 02 May 2014 - 11:38 pm

MOSCOW: Russian oil output, the world’s largest, slipped by 0.2 percent to 10.54 million barrels per day in April, declining for the fourth...

Oil price rises on Ukraine fighting, strong US job growth 02 May 2014 - 11:38 pm

LONDON: Brent crude futures rose above $108 a barrel yesterday as fighting between Ukraine’s army and a pro-Russian rebels intensified, stoking fears of...

AstraZeneca rejects Pfizer bid 02 May 2014 - 11:37 pm

LONDON: US drugmaker Pfizer Inc increased its offer for AstraZeneca Plc to £63bn ($106bn) yesterday, but the British company promptly rejected the proposal,...

Portugal heads for new life after bailout 02 May 2014 - 11:37 pm

LISBON: Portugal has passed the final bailout audit by IMF-EU experts, the government said yesterday in a major step towards becoming the second...

India threatens WTO action over EU mango ban 02 May 2014 - 11:26 pm

NEW DELHI: India yesterday threatened to drag the European Union to the World Trade Organisation over its ban on mango imports. Commerce Minister...

Tokyo investors eye earnings data 02 May 2014 - 11:25 pm

TOKYO: Tokyo investors will be eyeing Japanese corporate earnings and fresh US data in the next week, which will be shortened by holidays....

French car sales pursue slow climb from slump 02 May 2014 - 11:25 pm

PARIS: Sales of new French cars rose in April, trade data showed yesterday in a further sign that the French market is pulling...

Real estate stocks surge on budget cues 02 May 2014 - 12:14 am

By Satish Kanady DOHA: Taking a cue from Qatar’s big number budget announcements, the country’s listed real estate companies made a stunning performance...

Veteran Mulally to exit Ford in July 02 May 2014 - 12:13 am

Ford Motor CEO Alan Mulally (left) with Ford Executive Chairman Bill Ford in Dearborn, Michigan, yesterday. DEARBORN: Ford Motor Co said yesterday that...

Ukraine’s $17bn loan plan faces risks: IMF 02 May 2014 - 12:12 am

WASHINGTON: Ukraine’s $17bn bailout programme from the International Monetary Fund faces geopolitical and implementation risks, the IMF chief said. “On the implementation front,...

Sony warns of huge loss as it exits PC market 02 May 2014 - 12:12 am

A logo of Japan’s electronics giant Sony is displayed at a shop in Tokyo yesterday. TOKYO: Sony yesterday warned it would report a...

Fed shows faith with bond-buying cut 02 May 2014 - 12:11 am

US Federal Reserve Chair Janet Yellen at a policy summit in Washington yesterday. WASHINGTON: The Federal Reserve looked past a dismal reading on...

Viacom to buy Channel 5 02 May 2014 - 12:09 am

London: US-based Viacom Inc said yesterday it will buy British TV broadcaster Channel 5 from media baron Richard Desmond for $760m as a...

Dubai Islamic Bank eyes Indonesia buy 01 May 2014 - 10:19 pm

DUBAI: The Chief Executive of Dubai Islamic Bank (DIB) said yesterday it was in talks to buy a 40 percent stake in an...

Mashreq net profit jumps 35pc 01 May 2014 - 10:18 pm

DOHA: Mashreq, one of the UAE’s leading financial institutions which has operations in Qatar has announced strong first quarter results reporting 35 percent...